“–signaling an end to the worst financial crisis since the Great Depression. “

If I read this just one more time, I cannot be expected to control my gag reflex.

According to Bloomberg, negative bond returns are the latest signal. Forget that bond yields are inverse to stock performance (which performance is currently the most ludicrous fools rally in the history of the market).

Does any fool out there believe that there IS refuge in U.S. debt? (strike the FED as rhetorical on that one).

I can see the headlines now:

“New monthly unemployment claims drop below 325,000 – signaling an end to the worst financial crisis since the Great Depression.” (this one is very close to an actual Bloomberg quote, if you can believe that)

“US dollar replaces Japanese yen as de facto carry trade currency, signaling an end to the worst financial crisis since the Great Depression.” (another true statement, we just haven’t used it as a “signal” yet)

“Bankrupt FDIC taps into 500 billion dollar Treasury backstop, signaling an end to the worst financial crisis since the Great Depression.” (we’re trying to offset that “signal” with a little bit more palatable one right now)

Thank Thaler (for God must certainly have abandoned us by now) that we have these “signals” to help us better understand the end to the worst financial crisis since the Great Depression. For without them, most people would still be so ”confused”.

And now, my favorite headline, coming soon:

“Collective sensibility of American public hijacked by behaviorist “nudge-speak”, signaling an end to the worst financial crisis since the Great Depression.”

For as we all know, if you just close your eyes, click your heels and really believe the crisis is over, then by Golly, it IS over.

Oh I do believe in debt, I do believe in debt. I do! I do!

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